Suppose the risk-free rate is 3.11% and an analyst assumes a market risk premium of 7.10%. Firm A just paid a dividend of $1.08 per share. The analyst estimates the β of Firm A to be 1.42 and estimates the dividend growth rate to be 4.99% forever. Firm A has 296.00 million shares outstanding. Firm B just paid a dividend of $1.97 per share. The analyst estimates the β of Firm B to be 0.84 and believes that dividends will grow at 2.01% forever. Firm B has 183.00 million shares outstanding. What is the value of Firm B?

Answer format: Currency: Round to: 2 decimal places.

not sure if I'm the process correctly. thanks

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